Bitcoin Fails to Stay Above $50,000
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On Thursday, March 4, bitcoin (EXANTE: Bitcoin) is trying to stay above the $50,000 mark. At the time of writing, BTC/USD is trading at $49,520 (-5.22%).

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Bitcoin Fails to Stay Above $50,000

Chart of the USD/BTC trading pair from EXANTE

Ether (ETH) also declines by 2.30% down to $1,586. Cardano (ADA) dropped in price more than others by 7.73% down to $1.15. Analysts at FxPro say the pressure on bitcoin (EXANTE: Bitcoin) from the technical view has intensified amid a weakening of RSI upside momentum. Often, this situation indicates a depletion of bullish momentum and foreshadows a sharp decline, the analysts add.

Ex-CFTC Chairman Invests in Crypto Firm BlockTower Capital

Meanwhile, BitGO CEO, Mike Belshe, "strongly" recommend companies to invest in the cryptocurrency. According to Belshe, the global pandemic has shown that some exposure to digital assets is actually a way to stabilize a business as opposed to destabilizing it.

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